KUWAIT, May 31 (KUNA) -- Kuwait Commercial Markets Complex Company KSC (KCMCC) incurred KD 5.8 million worth of losses in the fiscal year that expired in 2010, compared to KD 3.7 million in 2009.

KCMCC Chairman and Managing Director Toufic Al-Jarrah said during the general assembly for that fiscal year that the losses per share reached, last year, 22.7 fils, in contrast to 14.8 fils, posted in the previous year.

Shareholders' rights amounted to approximately KD 51.9 million in 2010, compared to KD 59.3 million in 2009. The company assets amounted to nearly KD 196.8 million in the end of last year, compared to 195.8 million in 2009.

Al-Jarrah indicated in his address at the assembly session that condition of the national economy that has deteriorated since 1980 has negatively impacted on the financial status of the company.

The global financial crisis tangibly affected the company results last year, although its enterprises in Makkah posted KD 6.3 million worth of profits.

He has affirmed that the company is sparing no effort for improving its status and making up for the losses.